Skip to comments.Sequester won’t interrupt collection of taxes from 'ObamaCare'
Posted on 04/01/2013 12:11:04 PM PDT by SeekAndFind
Implementation of the taxes and fees from President Obamas healthcare law is on track despite the cutbacks at the IRS from sequestration.
The Affordable Care Act (ACA), enacted 2010 and derided by Republicans as ObamaCare, contains the broadest set of tax changes enacted in some two decades more than 40 alterations in all, including penalties on people who choose not to purchase insurance.
But while IRS and Treasury officials have warned of reduced services as employees are furloughed under the sequester, neither agency has expressed any concern that the automatic spending cuts would delay the rollout of the healthcare overhaul.
A spokesman for the IRS declined to comment any further on the agencys concerns about sequestration. Democratic and Republican lawmakers also havent raised the issue though major tax changes from the law are just seven months away.
The silence is deafening, said Chris Condeluci, a former tax counsel for Senate Finance Committee Republicans who is now at Venable law firm.
Condeluci argued that the response from the IRS to the sequester cuts shows that getting the healthcare law off the ground is a top goal for the agency and that the government would shift resources to ensure the law goes into effect.
But because the sequesters $85 billion in cuts for the rest of fiscal 2013 were meant to be unwieldy and harsh, agencies have limited leeway in putting them into effect. ACA implementation is a priority, Condeluci told The Hill. Their silence with regard to the sequester indicates that they wont let anything get in the way of implementation, sequestration or otherwise.
The tax changes from the healthcare law will have a broad impact on the public. Spotting an opportunity, the tax preparation firm H&R Block is already running advertisements offering to help individuals navigate the laws requirements.
(Excerpt) Read more at thehill.com ...
Sequester wont interrupt collection of taxes from ‘ObamaCare’”
If that is the case, sequester is not working.....(s)
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